TNAG-2027-FCO40-2889-Hong-Kong-freezing-of-Kuwaiti-and-Iraqi-assets-1990 — Page 123

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0304217

MIMDAN $184

CONFIDENTIAL

DOMIAN 3095

DD 0305007 HOKON

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TO DESKBY 0305002 HONG KONG

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AND TO IMMEDIATE GIBRALTAR.

AND TO IMMEDIATE MONTSERRAT,

HKB 020 126.

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14 AUG 1990

cc.

Mr

2

Funess

HKD

GRAND DAYMAN. GRAND TURK. HAMILTOX

TORTOLA

83/0

FROM CLARKE, MED

IRCO/KUWAITI

TELECON CLARKE/ERMAN. POLI ICAL ADVISER HONG KONG FREEZING OF KUWAITI ASSETS IN DEPENDENT TERRITORIES 1. THE SECRETARY OF STATE. IN AN INTERVIEW ON 2 AUGUST (COPIED TO ALL POSTS IN THE RETRACT SERIES). ANNOUNCED THAT THE BANK OF ENGLAND AND HY TREASURY WERE ARRANGING FOR THE IMMEDIATE FREEZING OF KUWAIT: ASSETS IN THIS COUNTRY. THIS ACTION HAS BEEN TAKEN TO PREVENT ANY PUPPET REGIME WHICH MAY BE INSTALLED IN KUWAIT FROY GETTING HOLD OF KUWAITI ASSETS AND TRANSFERRING THEM. WE HAVE ALSO ASKED FRIENDLY GOVERNMENTS TO CONSIDER FREEZING KUWAITI ASSETS IN THEIR BANKS, 2.

HYB'S DECISION TECHNICALLY ONLY APPLIES TO THE UK MAINLAND. THE CHANNEL ISLANDS AND THE ISLE OF GON. BUT IN ORDER TO PREVENT KUWAITI FUNDS BEING CHANNELLED OUT OF DEPENDENT TERRITORIES. HYG WOULD BE HAPPY IF THEY DECIDED THEY WERE ABLE TO FOLLOW SUIT.

HURD

YYYY

MAIN

223

IRAQ/KUWAIT

LIMITED

MED

EAD

ADDITIONAL

46

IRAO/KUWAIT

MR WD REEVES, CABINET DEFICE

MR DJ GOWAN. CABINET OFFICE

PS/NUMBER 10 DOWNING STREST

CABINET OFFICE DIO

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MODUK

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200

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HM TREASURY

MR LS SMITH,

BANK OF ENGLAND

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(PASSED TO PM'S PARTY)

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OCMIAN 3095